BAKU, Azerbaijan, June 2. As part of Baku
Energy Week, the first meeting of the Azerbaijan-U.S. Economic
Dialogue was held on June 2 as a joint initiative of the Ministry
of Economy of the Republic of Azerbaijan and the U.S. Department of
State, in accordance with the Charter on Strategic Partnership
between the Republic of Azerbaijan and the United States of
America, Trend
reports.


The event, co-chaired by Minister of Economy Mikayil Jabbarov
and Caleb Orr, Assistant Secretary of State for Economic, Energy,
and Business Affairs. was attended by representatives of government
agencies from both countries, international financial institutions,
and the private sector.


Highlighting the dynamic development of Azerbaijani-American
relations, Minister of Economy Mikayil Jabbarov noted that the
Charter on Strategic Partnership plays an important role in
strengthening economic cooperation.


According to him, there are significant prospects for expanding
trade ties through the “Trump’s Route for International Peace and
Prosperity” (TRIPP) and the Middle Corridor, strengthening energy
security, developing supply chains for critical minerals, and
exploring new investment opportunities in the fields of
transportation, logistics, and digital infrastructure.


“A constructive dialogue aimed at identifying joint projects,
further strengthening business ties, and implementing mutually
beneficial initiatives will contribute to bilateral cooperation,”
Mikayil Jabbarov stated.


Emphasizing a commitment to expanding bilateral opportunities in
business, trade, and economic investment between the Republic of
Azerbaijan and the U.S., Caleb Orr, Assistant Secretary of State
for Economic, Energy, and Business Affairs. noted that this area is
one of the key priorities of the Charter on Strategic Partnership,
signed in February of this year in Baku by U.S. Vice President J.D.
Vance and President of the Republic of Azerbaijan Ilham Aliyev.


“The results of the projects and initiatives to be discussed
within the framework of the dialogue, as well as existing
opportunities for further strengthening bilateral economic
relations, will give impetus to the development of economic
cooperation between Azerbaijan and the United States,” the U.S.
Assistant Secretary of State noted.


As part of the first Economic Dialogue, panel sessions were held
on regional connectivity, trade and transit, energy security,
investment, artificial intelligence, and digital infrastructure.
The first session discussed the “Trump Route for International
Peace and Prosperity” (TRIPP), the Middle Corridor, the expansion
of regional logistics capabilities, Azerbaijan’s favorable business
environment for investors, as well as new opportunities that the
country’s growing ties with Europe and Central Asia create for U.S.
companies.







The session on energy security explored opportunities for
cooperation in developing the Southern Gas Corridor, establishing
power interconnections, and increasing energy production.
Participants discussed the diversification of supply chains, as
well as expanding partnerships in the diversification of supply
chains for critical minerals and other areas.


The economic investment panel discussed the promotion of
economic projects that serve the mutual prosperity of both
countries, including the promotion of bilateral investment in
transportation and logistics, energy, and digital technologies. The
focus was also on opportunities to stimulate U.S. investment in
various sectors, including the Alyutsk Free Economic Zone, which
offers investors incentives, benefits, and a favorable legal
framework.


During discussions on AI and digital infrastructure, information
was presented on U.S. high-tech solutions. The parties explored
cooperation in the areas of data centers and the implementation of
AI technologies, the development of regulatory frameworks, and the
prospects for future partnership in this field. During the meeting,
the parties emphasized the importance of expanding economic
cooperation, stimulating mutual investment, and supporting
innovative projects.


The event also included a meeting with representatives of the
business community, during which the importance of fostering
cooperation between the private sector and building new
partnerships was emphasized.


Following the event, it was announced that Baku will host the
Second U.S. Artificial Intelligence Week this year.


With the participation of Minister of Economy Mikayil Jabbarov
and Caleb Orr, Assistant Secretary of State for Economic, Energy,
and Business Affairs, a number of documents and a Protocol on
Dialogue were signed regarding the creation of digital
infrastructure in Azerbaijan, technology transfer, and the
implementation of effective industrial solutions.